Used in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. It serves as a building block in the development of pharmaceuticals, particularly in the synthesis of potential drug candidates with antimicrobial, anti-inflammatory, or anticancer properties. Additionally, it is employed in the creation of fluorescent dyes and probes for biological imaging and sensing applications. Its aldehyde group allows for further functionalization, making it valuable in the design of complex molecules for research and industrial purposes.